Any brothers here affected by the DBS' disappearing money in accounts?

[CannonFairy]

My coffin money is all with UOB. I should be safe. It might be interesting to know what kind of DBS account is affected - Savings or Current? or worse still, Creditline/Overdraft accounts.

 

[Muthukali]

So long as monies are not in your pocket, there is still a risk.

 

[erection2015]

so far so good. I dont have much so its easy to monitor :(

 

[Windsor]

so far so good. I dont have much so its easy to monitor :(

DBS account holders should all draw their cash out until DBS sort out the problem.

 

[po2wq]

DBS account holders should all draw their cash out until DBS sort out the problem.

u got xtra m-t milo tins? ...

 

[johnny333]

Living in Spore is getting so stressful. Never know if you'll be hit by flash pondings, if the train you are in will breakdown, your hard earned money in the bank is still there,......

When the foundation is rotten you can expect things to go wrong. For too long Spore has been on auto for too long.

 

[erection2015]

my money not much over 4 figures so aiya i just leave there .

DBS account holders should all draw their cash out until DBS sort out the problem.

 

[Windsor]

u got xtra m-t milo tins? ...

Not so low crass. I use ze piggy bank bought from Singapore mint.

 

[jw5]

So long as monies are not in your pocket, there is still a risk.

pocket also can have hole one what............................:o

 

[Getloud]

I've closed my POSB and DBS account ever since they merged.

 

[po2wq]

pocket also can have hole one what............................:o

y ur pocket got hole? ...

4 ease of playing pocket billiards? ...

 

[Muthukali]

pocket also can have hole one what............................:o

True, then like that how, put where sial?
Basically everything oso got risk, end of the day, ish risk management.

 

[Cruxx]

POSB and DBS are for peasants.

 

[jw5]

True, then like that how, put where sial?
Basically everything oso got risk, end of the day, ish risk management.

Don't put all your eggs in one pocket and have some understanding of the pockets u are putting your eggs in. :o

 

[StinkiePeasants]

So long as monies are not in your pocket, there is still a risk.

Even if money is in your pocket, there's the risk of hyperinflation like Weimar Republic wiping out the purchasing power.

 

[Cruxx]

True, then like that how, put where sial?
Basically everything oso got risk, end of the day, ish risk management.

My $$ is in HSBC. I like their conservative approach, as opposed to banks like Barclays and Citibank. But don't take my word for it lah. I've only a superficial knowledge of finance

 

[Cruxx]

Even if money is in your pocket, there's the risk of hyperinflation like Weimar Republic wiping out the purchasing power.

If it were to happen, Sinkies have only themselves to blame for putting all their eggs into the cash basket.

 

[Raiders]

My $$ is in HSBC. I like their conservative approach, as opposed to banks like Barclays and Citibank. But don't take my word for it lah. I've only a superficial knowledge of finance

I have credit cards from a few bank and HSBC gave me the highest credit limit

 

[jw5]

My $$ is in HSBC. I like their conservative approach, as opposed to banks like Barclays and Citibank. But don't take my word for it lah. I've only a superficial knowledge of finance

I have heard of banks calling their customers to tell them their cards have been "compromised" and HSBC is one of them.
That's even before or without any unauthorised withdrawals.
This shows that some banks have a system in place to detect suspected cases of skimming.

This latest incident is like closing the stable doors after the horses have bolted. Didn't they have any preventive or detective measures in place, without waiting for the customers to report the loss?

Btw, not only is HSBC conservative and proactive, they also allows their premier customers in one country to open premier accounts in other countries, even if they don't meet the balance requirement in the other countries.

 

[Clone]

Yes I was affected. This morning I went to a DBS branch to deposit, yes deposit, some cold hard cash into my gf's a/c. The sheep's queue ish bloody long.

The best part? The counter lady refused to update the passbook for security reasons! I can only update by joining another snaking queue at the machines. And she said I don't need my gf's ATM card to do that.

I facepalmed.